Sound Energy Plc · LSE:SOU
Sound Energy — Shareholder Meeting (June 2022)
22 slides from Sound Energy's shareholder meeting presentation, Jun 28, 2022
Slide 1: Stakeholder Presentations
STAKEHOLDER PRESENTATIONS 20 St Dunstan’s Hill, London 28 June 2022
Slide 2: A Sustainable Business Model with ESG at its Core
A SUSTAINABLE BUSINESS MODEL WITH ESG AT ITS CORE EXPLORATION DEVELOPMENT ENVIRONMENT SOCIAL GOVERNANCE STAKEHOLDER FINANCE ENGAGEMENT Q&A
Slide 3: Fuelling the Energy Transition: Exploration
FUELLING THE ENERGY TRANSITION EXPLORATION 28 June 2022
Slide 4: Further Gas Exploration: Significant potential for scalable growth
FURTHER GAS EXPLORATION: Significant potential for scalable growth 50 KM Planned Tendrara Gas Export Pipeline Gas Discovery ANOUAL TAG I Feature Palaeozoic Feature Gas Pipeline Route Licenced Areas M5 TE-5 Horst TE-4 Horst SBK-1 GREATER TENDRARA 50 KM SIDI MOKTAR Gas pipeline • Largest onshore permi
Slide 5: Greater Tendrara & Anouál Subsurface
GREATER TENDRARA & ANOUAL SUBSURFACE • Sub-salt seismic imaging improved by • Numerous Triassic (TAGI reservoir) fault blocks 2017/18 Sound Energy geophysical surveys remain undrilled beneath the extensive salt seal Seismic cross section image Seismic interpretation Slide Subsurface model 2 Salt sea
Slide 6: Greater Tendrara Permit: Appraisal of TE-4
GREATER TENDRARA PERMIT: Appraisal of TE-4 TE-7 TE-6 TE-5 TE-5 Horst TE-4 Horst TE-4 SBK-1 • Simple structure, fault block partially investigated by the TE-4 well drilled in 2006. • New seismic imaging demonstrates the TE-4 well Slide location was suboptimal 3 • Drill on the crest, objective to loca
Slide 7: Greater Tendrara Permit: Appraisal of SBK-1
GREATER TENDRARA PERMIT: Appraisal of SBK-1 Seismic interpretation Appraisal location SBK-1 SBK-1 Fault TE-5 Horst TE-4 Horst SBK-1 The anticlinal closure of the salt is a prominent feature on geological maps 5 kms and satellite imagery of the region • Faulted anticline, drilled by SBK-1 (2000). • T
Slide 8: Sidi Moktar Permit: Seismic to mature leads into drillable prospects
SIDI MOKTAR PERMIT: Seismic to mature leads into drillable prospects 50 KM Seismic cross section image SIDI MOKTAR Gas pipeline to Phosphate Plant (OCP) Seismic interpretation Meskala Gas Field • Adjacent to the Meskala Gas Field, produces gas from a sub-salt Triassic TAGI reservoir Slide • Deeper s
Slide 9: Exploration Summary
EXPLORATION SUMMARY FARM OUT A POSTION IN EXPLORATION PERMITS TO FUND OUR INFRASTRUCTURE-LED DRILLING AND SEISMIC PROGRAMMES GREATER TENDRARA & ANOUAL DRILLING Drilling campaign targeting 3 opportunities in a proven gas basin Commercialisation through developing infrastructure centred on the TE-5 Ho
Slide 10: Fuelling the Energy Transition: Developments
FUELLING THE ENERGY TRANSITION DEVELOPMENTS 28 June 2022
Slide 11: Tendrara Phase 1 mLNG: Significant potential for scalable growth
TENDRARA PHASE 1 mLNG: Significant potential for scalable growth ACTIVITIES COMPLETED: • Italfluid mLNG Plant Contract. • Engineering being progressed in-house and with major vendors • Purchase Orders placed for major equipment packages • Site construction activities commenced • Site preparation wor
Slide 12: Tendrara Phase 1 mLNG
TENDRARA PHASE 1 mLNG Site Preparation – Start March 2022 After 1 week Slide 2 Developments Summary After 1 month Video above press play
Slide 13: Tendrara Phase 1 mLNG
TENDRARA PHASE 1 mLNG mLNG Plant Area complete Excavation Works – Evaporation Pit complete With geomembrane installed Slide 3 Developments Summary
Slide 14: Tendrara Phase 1 mLNG
TENDRARA PHASE 1 mLNG LNG Storage Tank Foundation Excavation Preparing to excavate compressor Slide package foundations 4 Developments Summary
Slide 15: Tendrara Phase 1 mLNG
TENDRARA PHASE 1 mLNG ACTIVITIES COMPLETED: • Reservoir Model update complete • Access Road Repair complete • Flow Assurance Study complete ONGOING ACTIVITIES • Wellhead Inspection & Servicing tool fabrication • Flowlines Concept Selection & Preliminary Engineering • Owners Engineering Support Slide
Slide 16: Tendrara Phase 2 CPF and Pipeline
TENDRARA PHASE 2 CPF AND PIPELINE • Morocco currently has no access to gas to fuel its domestic industry and the power production sector • Tendrara Phase 2 Project presents a solution to this issue CURRENT STATUS • Pipeline Right Of Way lease arrangements being progressed • Ongoing discussions with
Slide 17: Fuelling the Energy Transition: Finance
FUELLING THE ENERGY TRANSITION FINANCE 28 June 2022
Slide 18: Financial Principles and Priorities
FINANCIAL PRINCIPLES AND PRIORITIES “Steadying the ship, upping anchor and moving forward” CAPTIAL DISCIPLINE VALUE STRATEGY ACCESS Instil cost discipline Value generated & Strategic reset in Shaping our debt as embedded in our returned to shareholders 2020 – business obligations within cultural res
Slide 19: Phase 2 Financing
PHASE 2 FINANCING “Good progress is being made” PROJECTS OF THIS MAGNITUDE REQUIRE INNOVATIVE SOLUTIONS TO FUND Appointment of senior debt lead arranger Attractive terms to underpin 75% of gross funding requirement Currently at DD phase to further refine terms WE HAVE A We are positioned and funded
Slide 20: Questions
SOUND ENERGY ac QUESTIONS
Slide 21: Disclaimer
Disclaimer: This presentation and any additional documents handed out at any meeting (together the “Presentation Materials”) have not been approved by (i) the London Stock Exchange plc or by any authority which could be a competent authority for the purposes of the Prospectus Directive (Directive 20
Slide 22: Disclaimer continued
Disclaimer continued: Any recipient of these Presentation Materials who is in any doubt about the investment to which this presentation relates should consult an authorized person specializing in advising on investments of this kind. These Presentation Materials do not constitute a recommendation re